RE:RE:Never thought this would happen. Or ..... if nickel stays at$12 plus, it should generate small profit on its own. $384 million from cobalt is straight to the bottom line. That rounds up to about $1 a share for a P/E of <1. If it isn't siphoned away before shareholders get a taste.
Buyreallow wrote: Better news is they expect to increase production in 2022 to about 40000 tonnes. Cobalt equates to about 10% of production, so about 4000 tonnes of cobalt. And cobalt prices recently spiked to between $75000 and $80000 a metric tonne. So 4000 tones x $75000 x 1.28 exchange eqates to annual revenue of about $384,000,000 from cobalt alone. Lets all hope cobalt prices stay where they are.